If something unexpected happens to you – like a car accident or a serious illness – hospital expenses can quickly rack up. Individual health insurance can help prevent staggering expenses if you face a medical emergency. Major medical insurance is a type of coverage that provides benefits for a broad range of health-care services, both inpatient and outpatient. This health insurance can save you money on routine doctor’s visits, prescription drug coverage, preventative care and other medical services. The plan will typically come with costs such as a monthly premium, an annual deductible, co-payments, and coinsurance.
Some of the factors that may influence the cost of your plan are your age and your tobacco use. Almost anyone can purchase an individual or family health insurance plan, and it is no longer possible to be declined based on your medical history.